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Southern Company CEO Fanning Appointed To Atlanta Fed Board

By Cassandra Sweet Of DOW JONES NEWSWIRES Southern Co. (SO) Chief Executive Thomas Fanning has been appointed to the board of directors of the Federal Reserve Bank of Atlanta, the company said Monday. Fanning will serve the remainder of a term that began Jan. 1, 2010, and runs through Dec. 31 of this year. Fanning is a Class C director, appointed by the Fed's board of governors in Washington to represent commerce, industry, agriculture, labor or consumers. Southern Co. received federal approval earlier this month to build the first new U.S. nuclear power plant in decades. The company plans to build two new reactors at the Vogtle site in Georgia near the South Carolina border and is waiting for the Department of Energy to close on an $8.3 billion loan guarantee after the company received a license from the Nuclear Regulatory Commission earlier this month. Southern's Georgia utility has estimated the project will cost more than $6 billion, to be split among the project's owners. Southern, which will own 46% of the new reactors, expects to pay $2.2 billion. Oglethorpe Power, MEAG Power, and Dalton Utilities will own the rest of the project. Energy Secretary Steven Chu said earlier this month that he expected Southern to obtain the loan guarantee after the company got its construction and operating license from the Nuclear Regulatory Commission. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; [email protected]

Stock News for Southern (SO)
DateTimeHeadline
01/19/201716:01:00Southern Company fourth-quarter earnings to be released February...
01/13/201715:33:00Southern Company announces quarterly dividend
01/13/201714:13:00MLK Day of Service is A Day On, Not Off for Georgia Power
01/13/201712:50:00Southern Nuclear names new site vice president at Plant Farley
01/11/201710:51:00Alabama Power Dividends Declared
01/10/201710:34:12Statement of Changes in Beneficial Ownership (4)
01/09/201709:00:00Southern Company subsidiary acquires additional wind facility...
01/07/201719:40:00Georgia Power restores power to 98+ percent of customers impacted...
01/07/201712:41:00Georgia Power restores power to 50,000+ customers following Winter...
01/06/201716:29:29Current Report Filing (8-k)
01/05/201712:18:30Griffin Capital Essential Asset REIT II Acquires Class “A” Com...
01/04/201710:06:11Statement of Changes in Beneficial Ownership (4)
01/04/201710:05:44Statement of Changes in Beneficial Ownership (4)
01/04/201710:05:18Statement of Changes in Beneficial Ownership (4)
01/04/201710:04:51Statement of Changes in Beneficial Ownership (4)
01/04/201710:03:04Statement of Changes in Beneficial Ownership (4)
01/04/201710:02:37Statement of Changes in Beneficial Ownership (4)
01/04/201709:54:04Statement of Changes in Beneficial Ownership (4)
01/04/201709:53:36Statement of Changes in Beneficial Ownership (4)
01/04/201709:52:43Statement of Changes in Beneficial Ownership (4)

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